Jupiter Exchange just opened the doors on its newest DeFi product, and it tackles one of crypto’s most persistent headaches: borrowing against assets that traditional lending protocols won’t touch.
The Offerbook, now live in public beta at offerbook.jup.ag, is a permissionless peer-to-peer lending platform on Solana. It lets users set up fixed-rate, fixed-term loans using practically any onchain asset as collateral. Tokens, NFTs, real-world assets, even trading card game cards. If it lives on Solana, you can theoretically borrow against it.
No oracles, no liquidations
Jupiter’s Offerbook takes a fundamentally different approach. There are no price oracles involved. There are no price-based liquidations.
A lender posts an offer with specific terms (how much they’ll lend, the interest rate, the duration). A borrower accepts by putting up collateral. If the borrower repays on time, they get their collateral back. If they default at maturity, the lender simply takes the collateral.
